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Northern Trust Plans Wider Blockchain Rollout in 2019

The bank currently has two blockchain projects in train, for private equity and clearing.

While some financial institutions have soured on blockchain technology in the past year, Northern Trust still sees two viable use-cases for distributed ledgers, and will be pushing forward in earnest with one of those projects in 2019.

Peter Cherecwich, head of the corporate and institutional services business at Northern Trust, says that it has been working with one client on its private equity blockchain and after adding some new features and running a successful capital call on the platform